Sepio Capital LP Sells 370 Shares of Nordson Corporation $NDSN

Sepio Capital LP lessened its stake in Nordson Corporation (NASDAQ:NDSN) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,244 shares of the industrial products company’s stock after selling 370 shares during the period. Sepio Capital LP’s holdings in Nordson were worth $695,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NDSN. Avantax Advisory Services Inc. grew its stake in shares of Nordson by 10.6% in the first quarter. Avantax Advisory Services Inc. now owns 3,233 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 311 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Nordson by 13.5% in the 1st quarter. Mackenzie Financial Corp now owns 5,077 shares of the industrial products company’s stock worth $1,024,000 after buying an additional 602 shares during the period. Harbour Investments Inc. increased its stake in shares of Nordson by 36.7% during the first quarter. Harbour Investments Inc. now owns 201 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 54 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Nordson by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,473 shares of the industrial products company’s stock valued at $2,920,000 after buying an additional 1,679 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its position in shares of Nordson by 28,230.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 3,683 shares of the industrial products company’s stock worth $743,000 after purchasing an additional 3,670 shares during the last quarter. 72.11% of the stock is owned by hedge funds and other institutional investors.

Nordson Trading Down 1.1%

Shares of NASDAQ NDSN opened at $235.03 on Tuesday. The stock has a market capitalization of $13.21 billion, a P/E ratio of 29.53, a PEG ratio of 1.77 and a beta of 0.98. Nordson Corporation has a 1-year low of $165.03 and a 1-year high of $260.88. The business’s 50 day moving average is $232.17 and its two-hundred day moving average is $222.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.11.

Nordson (NASDAQ:NDSN) last issued its quarterly earnings results on Thursday, September 8th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter. The company had revenue of $646.86 million during the quarter. Nordson had a return on equity of 19.45% and a net margin of 16.34%. As a group, research analysts expect that Nordson Corporation will post 10.2 EPS for the current year.

Insider Activity at Nordson

In related news, EVP Joseph P. Kelley sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $232.39, for a total transaction of $534,497.00. Following the completion of the sale, the executive vice president directly owned 8,605 shares of the company’s stock, valued at approximately $1,999,715.95. This trade represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James E. Devries sold 9,100 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $233.60, for a total value of $2,125,760.00. Following the transaction, the executive vice president owned 51,223 shares of the company’s stock, valued at approximately $11,965,692.80. The trade was a 15.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,600 shares of company stock valued at $3,188,257 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their price objective on Nordson from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Jefferies Financial Group reissued a “hold” rating and issued a $240.00 price objective on shares of Nordson in a report on Thursday, August 21st. Robert W. Baird boosted their price target on Nordson from $245.00 to $252.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Nordson in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Nordson from a “hold” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.75.

Nordson Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.